Mfs Moderate Correlations

Mutual Funds . USA . 
Fund . Mfs Moderate Allocation
MAMAX Fund  USD 20.39  0.24  1.19%   
The current 90-days correlation between Mfs Moderate Allocation and T Rowe Price is 0.64 (i.e., Poor diversification). The correlation of Mfs Moderate is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Mfs Moderate Correlation With Market

Almost no diversification

The correlation between Mfs Moderate Allocation and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Moderate Allocation and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mfs Moderate Allocation. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Mfs Mutual Fund

  0.98LFTFX Mfs Lifetime 2065PairCorr
  0.98LFTJX Mfs Lifetime 2065PairCorr
  0.98LFTHX Mfs Lifetime 2065PairCorr
  0.98LFTMX Mfs Lifetime 2065PairCorr
  0.98LFTNX Mfs Lifetime 2065PairCorr
  0.98LFTKX Mfs Lifetime 2065PairCorr
  0.98LFTLX Mfs Lifetime 2065PairCorr
  0.94HYPPX Mfs High YieldPairCorr
  0.92UIVQX Mfs Intrinsic ValuePairCorr
  0.92UIVRX Mfs Intrinsic ValuePairCorr
  0.8OTCHX Mfs Mid CapPairCorr
  0.8OTCIX Mfs Mid CapPairCorr
  0.8OTCJX Mfs Mid CapPairCorr
  0.8OTCKX Mfs Mid CapPairCorr
  0.96MKVCX Mfs International LargePairCorr
  0.96MKVGX Mfs International LargePairCorr
  0.96MKVEX Mfs International LargePairCorr
  0.96MKVIX Mfs International LargePairCorr
  0.88BRKBX Mfs Blended ResearchPairCorr
  0.88BRKCX Mfs Blended ResearchPairCorr
  0.91EMLBX Mfs Emerging MarketsPairCorr
  0.91EMLAX Mfs Emerging MarketsPairCorr
  0.88BRKUX Mfs Blended ResearchPairCorr
  0.88BRKRX Mfs Blended ResearchPairCorr
  0.88BRKTX Mfs Blended ResearchPairCorr
  0.91EMLNX Mfs Emerging MarketsPairCorr
  0.94DIFIX Mfs Diversified IncomePairCorr
  0.91EMLMX Mfs Emerging MarketsPairCorr
  0.91EMLLX Mfs Emerging MarketsPairCorr
  0.94DIFGX Mfs Diversified IncomePairCorr
  0.91EMLJX Mfs Emerging MarketsPairCorr
  0.94DIFFX Mfs Diversified IncomePairCorr
  0.91EMLIX Mfs Emerging MarketsPairCorr
  0.91EMLCX Mfs Emerging MarketsPairCorr
  0.92BRSTX Mfs Blended ResearchPairCorr
  0.92BRSHX Mfs Blended ResearchPairCorr
  0.92BRSBX Mfs Blended ResearchPairCorr
  0.92BRSYX Mfs Blended ResearchPairCorr
  0.97BRUJX Mfs Blended ResearchPairCorr
  0.98BRUGX Mfs Blended ResearchPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Moderate Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Mfs Moderate's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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